YOUR COMPANY IS LOOKING FOR (THE RIGHT) BUSINESS FINANCING!
CASH FLOW SOLUTIONS & GROWTH FINANCING YOUR COMPANY CAN ACCESS TODAY
You've arrived at the right address! Welcome to 7 Park Avenue Financial
Financing & Cash flow are the biggest issues facing business today
ARE YOU UNAWARE OR DISSATISFIED WITH YOUR CURRENT BUSINESS FINANCING OPTIONS?
CALL NOW - DIRECT LINE - 416 319 5769 - Let's talk or arrange a meeting to discuss your needs
EMAIL - sprokop@7parkavenuefinancial.com
7 Park Avenue Financial
South Sheridan Executive Centre
2910 South Sheridan Way
Suite 301
Oakville, Ontario
L6J 7J8
Funding business turnaround. Whether it's growth financing or rescuing a company from that terrible spot known as ' dire straits’ no business owner/manager wants to ' crash '. So imagine our surprise when we read and talked to the management of a firm that put out a great article entitled ' WHY COMPANIES CRASH!
WHY COMPANIES FAIL?
But wait a minute, when we read the article and discussed it with the writer we found it focused on some great, but not financial issues. Those issues included salary and compensation models that didn’t work, strange organization structures, and poor or non-existent business goals. Great stuff, and we'll leave those areas to consultants and others, but that is not our focus, which is failure due to lack of working capital, no financing, poor financing, or wrong financing. Let's dig in!
WILL CANADIAN BANKS HELP?
As we can imagine financing at a time when it's least available to your firm is.... difficult! While we might assume ( or hope ) that Canadian chartered banks are the best or most likely to save a firm the hardcore reality is that bank loan rates and margins and a non-tolerance for excessive risk quickly rise to disappoint when growth and turnaround finance is needed the most.
In fact when Canadian chartered banks feel that your firm reaches ' CODE 10' on their risk meters they actually move your account to a special loans category and increase your borrowing costs. Not what you had hoped!
FIRMS WITH ASSETS AND GROWTH POTENTIAL CAN BE SAVED
Firms that have assets and growth and survival possibilities of course want to avoid bankruptcy and face the burden of losses owners, lenders and investors in your firm.
Assets are what often saves a firm that is a great place to start. While assets can of course be sold off and liquidated. At that time surely the business owner couldn't have any more bad luck... but wait, and then Revenue Canada shows up also. It couldn’t be worse.
CREATIVE FINANCING STRATEGIES ARE NEEDED
But that’s when creative financing strategies employing the concept of asset-based lending can save the day. By carefully assessing and appraising the ongoing value of assets such as accounts receivable , inventory, unencumbered fixed assets,, real estate ( if applicable ), and tax credits and patents.
REFINANCING STRATEGIES THAT WORK
Careful crafting of such a facility allows a firm to pay off existing banks or lenders, come to suitable terms with those friendly CRA folks, and have ongoing capital for maintaining supplier and customer expectations.
When properly negotiated and documented proper borrowing structures can be put in place without onerous ratios and covenants that often control your ability to address growth financing and working capital.
BUSINESS FINANCING SOLUTIONS
Numerous single and combination of finance strategies exist for funding business turnaround and growth. They include:
A/R Financing Accounts receivable financing solutions such as factoring and confidential receivable funding
Inventory Loans
Access to Canadian bank credit
Non bank asset based lines of credit
SR&ED Tax credit financing
Equipment / fixed asset financing
Cash flow loans
Royalty finance solutions
Purchase Order Financing
Short Term Working Capital Loans/ Merchant Advance
Securitization
CONCLUSION
When you're faced with the prospect failing due to financing seek out and speak to a trusted, credible and experienced Canadian business financing advisor who can assist you with your critical needs.
Click here for the business finance track record of 7 Park Avenue Financial
Stan Prokop
7 Park Avenue Financial/Copyright/2020/Rights Reserved
